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Property profile & analytics
OFF-MARKET
Investment properties
338 Main St Memphis, TN 38103-4208
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US80-0633304
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
5,428 SF
Lot
0.07 ac (3,006 SF)
Zoning code
SM
APN
002-121- - -00008
UPID
US80-0633304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Klein Fitness Gym & Fitness Center
-
Explore Bike Share Cycling Facility (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Klein,corey M & Megan J · 15 yrs held
Klein,corey M & Megan J
since 2011
7 recorded transactions
Zoning & alternative use
SM · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,700
Tax year 2023
Assessed value
$126,400
Assessed 2024
Previous assessed
$126,400
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$20,880
Assessed improvement
$105,520
Land market value
$52,200
Improvement market value
$263,800
Total market value
$316,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
5,428 SF
Lot
0.07 ac (3,006 SF)
Zoning code
SM
APN
002-121- - -00008
UPID
US80-0633304
Jurisdiction
SHELBY
Zoning & alternative use
SM · Memphis, TN
Zoning SM · permitted uses
SM · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Klein,corey M & Megan J
Individual
Mailing address
46 RIVERVIEW DR W APT #301, MEMPHIS, TN 38103-4737
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
—
Corey M Klein
—
Deed
related
—
Mar 30, 2017
—
Corey M Klein
—
Deed
related
$220,000 · Banktennessee
Mar 4, 2011
$285,000
Klein,corey M & Megan J
Memphis College Of Art
Grant Deed
$220,000 · Banktennessee
Aug 30, 2007
$350,000
Memphis College Of Art
Williams,joseph R
Grant Deed
—
Jan 5, 2006
—
Joseph R Williams
Memphis Center City Revenue Fi
Quit Claim Deed
related
$58,892 · Regions Bank
—
—
Corey M Klein
—
Loan Modification
related
—
—
—
Corey Klein
—
Deed Of Trust
related
$14,972 · Banktennessee
—
—
Corey M Klein
—
Loan Modification
related
—
—
—
Corey M Klein
—
Loan Modification
related
$220,000 · Banktennessee
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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